MTN names Rob Shuter as CEO following resolution of Nigerian dispute
MTN’s new CEO is Rob Shuter who has been head-hunted from Vodacom’s UK parent Vodafone‚ BDlive reports. "Rob‚ a South African national‚ is the current CEO of the European cluster at Vodafone Group and has extensive experience in telecoms and banking‚ having held senior management roles at Vodacom Group‚ Standard Bank and Nedbank prior to joining Vodafone Group‚" MTN said in a statement on Monday. Nigerian dissent on MTN fine reductionNigeria's parliament will continue to investigate the legality of negotiating down a fine imposed on MTN, despite the South African telecoms company already striking a deal with Nigerian regulators, a legislator said on Monday.Phuthuma Nhleko‚ who has doubled as chairman and CEO since Sifiso Dabengwa’s resignation in November‚ will revert to his nonexecutive chairman role "as soon as Rob assumes his new position as soon as is practicably possible". Nigerian parliament to continue MTN fine investigationNigeria's parliament will continue to investigate the legality of negotiating down a fine imposed on MTN, despite the South African telecoms company already striking a deal with Nigerian regulators, a lawmaker said.MTN said Shuter’s and other new appointments announced followed the successful resolution of the Nigerian dispute — the original $5.2bn fine was settled for about $1.671bn. TMG Digital/BDliveRead the full story here...
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